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the u.s. and its allies are trying to force iran's leaders to abandon their nuclear program they're using sanctions that include an oil embargo and bans on transactions with the iranian central bank so there's a typical mainstream headline you would have seen over the past year or or more having to do with u.s. stations against iran well how about this though there's an unintended consequence turkey on friday acknowledged a surge in his gold exports this year is related to payments for imports of iranian natural gas so this is a way that iran has been able to bypass sanctions but does it just move gold more into the arena of a monetary metal they're using gold's of pay for resources actually this rather than give give more credibility the gold as a monetary metal i think it just shows that it is a monetary amount it is a monitor a metal pyramid particularly used for part of that peculiar type of monetary metal one that can be used to safeguard the the user from any sort of to college terry an
the u.s. and its allies are trying to force iran's leaders to abandon their nuclear program they're using sanctions that include an oil embargo and bans on transactions with the iranian central bank so there's a typical mainstream headline you would have seen over the past year or or more having to do with u.s. stations against iran well how about this though there's an unintended consequence turkey on friday acknowledged a surge in his gold exports this year is related to payments for imports...
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Nov 15, 2012
11/12
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the u.s. can avoid falling off the fiscal cliff. plus we'll take you live to tokyo with japan hit by election fever. the yen is falling as a repeated call for bold monetary easing. and we'll be live in new york 5:45 a.m. for a look at the u.s. retail sector. walmart and target getting set to release third quarter numbers. >>> chig that's ruling com uhe nus party has lifted the curtain. the unveiling seals so s xi jins rise. hu has seeded oig all powers and that's gives china's next leader a strong mandate. eunice has more for us this morning. it sounds like a pretty signature consolidation of power under xi. >> definitely is a consolidation of power. he'll get a very strong mandate as you had mentioned to run this country the way that he wants. he gets the three top titles, the most powerful are party chief, president as well as military commander. that is very significant because it allows him to have more control over his own agenda. when he went to meet the press this morning, he was lookin
the u.s. can avoid falling off the fiscal cliff. plus we'll take you live to tokyo with japan hit by election fever. the yen is falling as a repeated call for bold monetary easing. and we'll be live in new york 5:45 a.m. for a look at the u.s. retail sector. walmart and target getting set to release third quarter numbers. >>> chig that's ruling com uhe nus party has lifted the curtain. the unveiling seals so s xi jins rise. hu has seeded oig all powers and that's gives china's next...
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Nov 12, 2012
11/12
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together we'll go far. >> the fed issues u.s. currency. that's why it says, "federal reserve note," on all the bills in your wallet. this is the bureau of engraving and printing just a few blocks from bernanke's office. the fed's mandate from congress is to put enough money in the system for maximum employment but not so much that it sets off inflation. the fed actually pays for itself and returns billions in profits to the treasury. in a sense, bernanke has been preparing for this emergency his whole professional life. he got a phd in economics from m.i.t., he chaired the economics department at princeton, and his specialty is the great depression. he's among many economists who now believe that it was the federal reserve itself that helped turn a recession in 1929 into a global calamity. >> they made two mistakes, basically. one was, they let the money supply contract very sharply. prices fell, deflation. so monetary policy was, in fact, very contractionary, very tight during that period. and then the second mistake they made was, they l
together we'll go far. >> the fed issues u.s. currency. that's why it says, "federal reserve note," on all the bills in your wallet. this is the bureau of engraving and printing just a few blocks from bernanke's office. the fed's mandate from congress is to put enough money in the system for maximum employment but not so much that it sets off inflation. the fed actually pays for itself and returns billions in profits to the treasury. in a sense, bernanke has been preparing for...
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i'd like to see how much because in the u.s. people don't understand monetary policy. and they were limited i mean nobody brought it up except for ron paul who was out by the time those people were really watching the contentious debate and also what about the fact that these guys are just doing the same thing over and over and over again that's the definition of crazy within sanity really quickly before we go let's do one more story that really does dovetail with insanity because i think these drinks may cause a little bit americans love energy drinks but could they actually kill you. five hour energy has been cited. incident reports with the f.d.a. including thirty that involved serious or life threatening injuries such as heart attacks convulsions and in one case a spontaneous abortion. why. the need for speed is this related to interest rates and it's killing people you know what i mean that's really the only thing i can come up with that just sounds like it would come out of your mouth and i don't know what i'm going to have to do at this time i think of exhausted
i'd like to see how much because in the u.s. people don't understand monetary policy. and they were limited i mean nobody brought it up except for ron paul who was out by the time those people were really watching the contentious debate and also what about the fact that these guys are just doing the same thing over and over and over again that's the definition of crazy within sanity really quickly before we go let's do one more story that really does dovetail with insanity because i think these...
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Nov 20, 2012
11/12
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u.s., as well. cac 40 down half a percent. weighed town by the moody's downgrade, although expected. and ibex done around 0.4%. french debt market, yields are up to 2.1%. treasuries slightly higher, but still below 6%. ten year bund yields slightly lower. so france is trading with the peripheral in that sense. euro-dollar, 1.2794 is where we stand, dipping slightly on on the back of the french downgrade. dollar-yen 81.26, but the yen has been down at acceseven mont lows. aussie dollar slightly weaker against the u.s. dollar. rba minutes suggesting that their policymakers consider further monetary easing may be appropriate. still to come, we'll be in athens and brussels. euro group reportedly close to signing off on the next tranche aid. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. get o
u.s., as well. cac 40 down half a percent. weighed town by the moody's downgrade, although expected. and ibex done around 0.4%. french debt market, yields are up to 2.1%. treasuries slightly higher, but still below 6%. ten year bund yields slightly lower. so france is trading with the peripheral in that sense. euro-dollar, 1.2794 is where we stand, dipping slightly on on the back of the french downgrade. dollar-yen 81.26, but the yen has been down at acceseven mont lows. aussie dollar slightly...
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Nov 20, 2012
11/12
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mediation was requested by a u.s. bankruptcy judge yesterday who noted a private negotiation had not been attempted and should be before 18,000 jobs are put to pasture. we spoke to the ceo outside the courthouse yesterday. he said he would support anything that saved jobs. several potential bidders could take twinkies and other brands off of hostess' hands, only if it liquidates. they could kick the tires on an investment, but it's unlikely there would be a buyer for the whole company. that will be the scenario if a deal isn't reached today. there's an 11:00 a.m. court appointment tomorrow on a potential liquidation. >> all right, kayla. thanks very much. we'll be watching that as it develops. so what happens next? hewlett-packard disclosing an $8.8 billion accounting charge this morning because it massively overvalued a company called autonomy that hp acquired last year. hewlett ceo says her company was duped. the founder of the company at the center of the controversy is up next. he's going to give us his side of th
mediation was requested by a u.s. bankruptcy judge yesterday who noted a private negotiation had not been attempted and should be before 18,000 jobs are put to pasture. we spoke to the ceo outside the courthouse yesterday. he said he would support anything that saved jobs. several potential bidders could take twinkies and other brands off of hostess' hands, only if it liquidates. they could kick the tires on an investment, but it's unlikely there would be a buyer for the whole company. that...
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Nov 20, 2012
11/12
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we go will to the formal announcement by the charges of the u.s. attorney. we will take you there live as well. but first, we meet the traders for the hour. steven weiss, joe and john naje najerayan, so a lot of digest. steve, you have this market rally, trying to go for a third straight day. going to be listening closely to the fed chairman in new york. >> i don't think bernanke is going to affect the rally one way or the other. what's driving the market is optimism over avoiding fiscal cliff and a deal, so the caution i would offer is that negotiations are going to make their way to the headlines and just be prepared for volatility. i think now, this allows us to move higher because the big decline we have, but at some point, you've got the say okay, we're going to get some big sells in front of the new tax laws. we've seen big dividend payments. you also have to watch dividend stocks, but it's not going to be smooth sailing going forward. >> joe, you can get some clues today on future stimulus. by the fed when he spoke speaks in manhattan. also likely get
we go will to the formal announcement by the charges of the u.s. attorney. we will take you there live as well. but first, we meet the traders for the hour. steven weiss, joe and john naje najerayan, so a lot of digest. steve, you have this market rally, trying to go for a third straight day. going to be listening closely to the fed chairman in new york. >> i don't think bernanke is going to affect the rally one way or the other. what's driving the market is optimism over avoiding fiscal...
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Nov 8, 2012
11/12
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certainly it's been successful here in the u.s. the real concern, obviously, is not just the water side but also the emissions side, particularly that flowback water that's coming after the initial fracking. and i feel very confident that if we can get some consistent regulationings and guidelines, then we'll be able to find more services around those sites and provide that environmental service that they're looking for. i really do believe that either administration recognizes the low value of natural gas to our economy and i hope we continue that way. >> i'm glad we got to talk about safety cleans last time you were on. we didn't get to it last time because there's so much going on with sandy. congratulations on a fabulous quarter. i knew you would deliver. chairman and ceo of clean harbors. >> thanks so much, jim. >> guys, look. there are certain stories. we bring them to you last week. stocks at 50 goes to 59. do you want to chase up nine? when this stock comes in, think about the opportunities they have. most stocks do not hav
certainly it's been successful here in the u.s. the real concern, obviously, is not just the water side but also the emissions side, particularly that flowback water that's coming after the initial fracking. and i feel very confident that if we can get some consistent regulationings and guidelines, then we'll be able to find more services around those sites and provide that environmental service that they're looking for. i really do believe that either administration recognizes the low value of...
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Nov 7, 2012
11/12
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fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at 12,985. the nasdaq is down 63 points, a more than 2% decline at 2947. the s&p at this hour is down 28 points right at 1400. let's break down what's behind today's dramatic decline in stocks in today's "closing bell" exchange. we welcome back michael pento, kwint tatro, jeff sika, and our own rick santelli. quint, you believe the market was going to go down either way. why? >> i do. i think this was long overdue. we have been propped up with some incertauncertainty. it's kept the market saying, are we going to get a chan
fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at...
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Nov 20, 2012
11/12
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we're also looking at the supply picture, which may be weighing on u.s. oil prices as well. we're going to get a report from the energy department tomorrow about crude supply situation. it's expected to show an increase for the week. we're also going to get tomorrow the supply situation for natural gas, a day early because of the thanksgiving holiday. >> all right, sharon. thanks so much. meanwhile, shares of consumer electronics retailer best buy down again today. down about 13% today alone after a massive earnings miss. this, even though best buy's new ceo, says he's optimistic. here's what hubert jolie told me last week. >> we're pretty excited. we have a lot of products coming on to the market. the apples products, windows 8. a lot of great releases. the associates are very ready to work with customers. we're turning the table on showrooming with price matching. we're ready for the holidays. >> so are you ready? is best buy a value or should we be staying away from this stock? let's start talking numbers now. we have richard ross. on the fundamentals side, jeff pillburg
we're also looking at the supply picture, which may be weighing on u.s. oil prices as well. we're going to get a report from the energy department tomorrow about crude supply situation. it's expected to show an increase for the week. we're also going to get tomorrow the supply situation for natural gas, a day early because of the thanksgiving holiday. >> all right, sharon. thanks so much. meanwhile, shares of consumer electronics retailer best buy down again today. down about 13% today...
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Nov 20, 2012
11/12
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u.s. consumer is deleveraging. the value of their collateral is increasing given the housing market and signs of the market becoming better and investors confidence increase. >> i certainly hope you are right. you sell that hopium if you can. john linehan, thank you very much for joining us. >>> the other side of that battle is house. there is a lot of hopium out there. to our point, is it enough? >>> and we take to you -- we take you to one of the hottest housing markets in the country. home prices there are up 114% year-over-year. we are giving you a little sneak peek of where that might you can. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic
u.s. consumer is deleveraging. the value of their collateral is increasing given the housing market and signs of the market becoming better and investors confidence increase. >> i certainly hope you are right. you sell that hopium if you can. john linehan, thank you very much for joining us. >>> the other side of that battle is house. there is a lot of hopium out there. to our point, is it enough? >>> and we take to you -- we take you to one of the hottest housing...
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Nov 24, 2012
11/12
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FBC
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across the u.s. today, we had the impression this was going to the coast to coast and it wasn't that the end of the day. there were fewer people protesting. most of them seemed to be union officials. this is what walmart had to say, less than 50 associates protested nationwide. roughly the same number of associates missed their schedule shift that last year. what do you make of this? [talking over each other] >> what a big impact they are having, but did it turn out? >> people who were at wal-mart want these jobs, they like the jobs. they provide flexible hourr. people want part-time job because it gives more time for their families and if they didn't want these walmart jobs they would go look for work elwhere. the percentage of americans who have union jobs is falling steadily. in january the labor department will announce the percentage of american workers who belong to unions will ha fallen from 12% to 11%. percentage of private-sector workers will have reached another record low and it is because
across the u.s. today, we had the impression this was going to the coast to coast and it wasn't that the end of the day. there were fewer people protesting. most of them seemed to be union officials. this is what walmart had to say, less than 50 associates protested nationwide. roughly the same number of associates missed their schedule shift that last year. what do you make of this? [talking over each other] >> what a big impact they are having, but did it turn out? >> people who...
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Nov 21, 2012
11/12
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the u.s. holiday shopping season kicks off in the u.s. retailers pulling off all the shops to draw shoppers into their stores. we put several promotions to the test when we come back. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> these are the headline ts today from around the world. angela merkel says the greek financing hole can be filled. the fbi launches a probe into alleged accounting issues in the hp autonomy deal. mike lynch denies the accusations. and reports of a blast on a bus in tel aviv sends all futures high. hillary clinton is con
the u.s. holiday shopping season kicks off in the u.s. retailers pulling off all the shops to draw shoppers into their stores. we put several promotions to the test when we come back. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit...
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Nov 5, 2012
11/12
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first of all, they have major share of the u.s. cement market. they also are an improving balance sheet story for one that is in disarray. this is a transformational story meets the u.s. housing market. cemex has more to go. >> in terms of who wins, it's still a good play. does that mean either candidate romney or obama would be equally good or equally bad for the housing market? >> i just think the housing market's rebound is bigger than either administration. i believe we're going to see that rebound regardless who is in office. >>> okay. coming up next, we're hours, hours away from election day in america. we here at "fast money" continue to give you the best way to play either outcome. coming up next, the outlook for the treasury trade. and $1 trillion worth of investment advice with black rock's rick reader. that's coming up right after this. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper tradin
first of all, they have major share of the u.s. cement market. they also are an improving balance sheet story for one that is in disarray. this is a transformational story meets the u.s. housing market. cemex has more to go. >> in terms of who wins, it's still a good play. does that mean either candidate romney or obama would be equally good or equally bad for the housing market? >> i just think the housing market's rebound is bigger than either administration. i believe we're going...
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Nov 20, 2012
11/12
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u.s. government is the world's biggest buyer of software associated with the running of any kind of government. that's another kind of corollary here. a big comment from a lot of people in the defense industry about that yesterday. i think they're the first company to come out and make realistic expectations of what will happen in the next couple of years. back to you. >> okay. thank you. dave cote is the head of the curve on all of this. let's shift to bonds and dollar. rick santelli at the cme group in chicago. rick? >> thank you, jim. everyone is excited about good housing numbers. everybody but the fixed income market. everybody but the equity market. i know there's an hp issue here. however, let's look at the charts. let's put up a two-day chart of tens. clearly you can see we're up about a basis point on the day. if you look on the right side of the chart and look around 8:30 eastern, you can't pick out that we had a good housing number. if you really switch this around a bit, you lo
u.s. government is the world's biggest buyer of software associated with the running of any kind of government. that's another kind of corollary here. a big comment from a lot of people in the defense industry about that yesterday. i think they're the first company to come out and make realistic expectations of what will happen in the next couple of years. back to you. >> okay. thank you. dave cote is the head of the curve on all of this. let's shift to bonds and dollar. rick santelli at...
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Nov 20, 2012
11/12
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ill-got gains nearly a quarter billion dollars, actually little more than that the q & a session with the u.s. attorney for the southern district has just begun. their prepared comments just finished. we heard from both berrera and s.e.c. enforcement chief rob kuzami as well as april brooks of the fbi. trying to use this case, tyler, very much as a warning shot, essentially saying if you are considering doing insider trading or cheating in any way, think better of t one of berr a berrera's best, most memorable comments is if you are going to pursue ill got gains the only place you may be able to spend your profits is at the prison come mistary. they talk about the unlevel playing field created allegedly when the hedge fund in question at the behest of this defendant, a matthew mar tomy marks who was arrested this morning, essentially traded out of pharmaceutical companies they had amassed positions in because they got early information about a drug trial that had not gone well, resulting ultimately in these quarter billion in profits. one thing absent from this commentary was any detail hot q
ill-got gains nearly a quarter billion dollars, actually little more than that the q & a session with the u.s. attorney for the southern district has just begun. their prepared comments just finished. we heard from both berrera and s.e.c. enforcement chief rob kuzami as well as april brooks of the fbi. trying to use this case, tyler, very much as a warning shot, essentially saying if you are considering doing insider trading or cheating in any way, think better of t one of berr a berrera's...
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Nov 20, 2012
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the u.s. secretary of state hillary clinton is on her way to the middle east for talks with officials in a bid to try to end the deadly crisis. we've been watching oil prices, as well. and after sharp gains yesterday, you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. >>> let's talk about some of the main market events of the morning. actually today fed chairman ben bernanke's speech at the economics sclub of new york is coming up at 12:15 eastern time. traders will be listening no any comments on the central bank's operation twist program and discussions about changing how the fed communicates about interest rates. operation twist expires next month. and there is some speculation the fed will continue making asset purchases by expanding the size of its $40 billion a month quantitate of it easing program. also on the economic agenda today, oc
the u.s. secretary of state hillary clinton is on her way to the middle east for talks with officials in a bid to try to end the deadly crisis. we've been watching oil prices, as well. and after sharp gains yesterday, you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. >>> let's talk about some of the main market events of the morning....
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Nov 21, 2012
11/12
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my sense is the u.s. economy remains subject to strong disinflationary forces that still come from the always cheaper and ever increasingly skilled workforces of dynamic emerging market countries such as china and india. in the three months ended october, the average wage grew by only 1.7% year-over-year. that s a record low growth rate for the average wage and as long as wages ow, slow as wage growth is brought in by china and by india, it is very unlikely that the u.s. will suffer from persistently rapid price equations. gerri: were more likely to suffer a recession, and you told our producer on this segment business retrenchment will apply to payrolls. looking at more cutbacks possibly. how deep will it go, do you see recession on the horizon or are we in it now? >> not quite yet. financial markets are not signalg the recession. nevertheless, we are probably looking at another year of approximately 2% growth, so in all likelihood, this is going to remain the most linked economic recovery since the 1930
my sense is the u.s. economy remains subject to strong disinflationary forces that still come from the always cheaper and ever increasingly skilled workforces of dynamic emerging market countries such as china and india. in the three months ended october, the average wage grew by only 1.7% year-over-year. that s a record low growth rate for the average wage and as long as wages ow, slow as wage growth is brought in by china and by india, it is very unlikely that the u.s. will suffer from...
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Nov 15, 2012
11/12
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walmart posts u.s. comps of 1.5%, shy of the street's estimates but within the retailer's guidance range. since allegations of foreign corrupt practice act violations surfaced surrounding walmart's operations in mexico, the retailer has enhanced its compliance programs globally and now says in its 8-k -- "inquiries or investigations regarding allegations of potential fcpa violations have commenced in a number of foreign markets where they operate including, but not limited to, brazil, china and india." >> courtney, we should mention walmart's biggest rival target also came through with results today and also missed on the sales estimates i think i'm right in saying. >> that's right. i think what's really going on here is we are talking about a consumer that's still struggling in this economic environment. unemployment has gotten better but it's still around 8%. we've got this fiscal cliff looming. yes, the holidays are around the corner so that's what many retailers are banking on. but beyond that it's
walmart posts u.s. comps of 1.5%, shy of the street's estimates but within the retailer's guidance range. since allegations of foreign corrupt practice act violations surfaced surrounding walmart's operations in mexico, the retailer has enhanced its compliance programs globally and now says in its 8-k -- "inquiries or investigations regarding allegations of potential fcpa violations have commenced in a number of foreign markets where they operate including, but not limited to, brazil,...
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Nov 7, 2012
11/12
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there's no sign that the u.s. industry is going back to its bad practices of too many incentives, too much inventory. the only real thing ailing our detroit companies is what's happening outside the u.s. and obviously that is europe. that's helping fiat. it's hurting ford and general motors. >> good stuff. thanks so much for your time. i know you got very little sleep too. steve rattner. >> president obama's victory is a sign that health care reform is here to stay. we'll show you best ways to play the sector on a day that your money could use triage as we're down at this hour and spencer rascoff on the post-election picture and punishment the company took following the company's guidance yesterday. a post-election sell-off on wall street. dow down by 1.8%. s&p down also. >> at these levels worst day since june. >> much more "squawk on the street" coming right up. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come o
there's no sign that the u.s. industry is going back to its bad practices of too many incentives, too much inventory. the only real thing ailing our detroit companies is what's happening outside the u.s. and obviously that is europe. that's helping fiat. it's hurting ford and general motors. >> good stuff. thanks so much for your time. i know you got very little sleep too. steve rattner. >> president obama's victory is a sign that health care reform is here to stay. we'll show you...
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Nov 21, 2012
11/12
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while americans may be sweating out whether the u.s. is heading for a fall off the so-called fiscal cliff, traders are pricing in the odds of whether it will happen. alan knuckman of option-shop joins us this morning from cme group. good morning alan. > > good morning angie. > > weeks before the election, although we questioned it, traders were confidentely telling us the president would be re-elected. it happened. so how do the odds look for a recession in 2013? > > the markets tell us a lot. when we were looking at the election, we were looking at a prediction market that had a lot of volume. volume is the key to price discovery because of all the buyers and sellers. when we are looking at the fiscal cliff numbers, they are not as clear, because there is not as many traders to get that information from. > > ben bernanke was in new york yesterday, and he is urging lawmakers to strike a deal on the fiscal cliff sooner rather than later. should we be concerned? because it sounds like the fed is worried. > > we are always concerned. if yo
while americans may be sweating out whether the u.s. is heading for a fall off the so-called fiscal cliff, traders are pricing in the odds of whether it will happen. alan knuckman of option-shop joins us this morning from cme group. good morning alan. > > good morning angie. > > weeks before the election, although we questioned it, traders were confidentely telling us the president would be re-elected. it happened. so how do the odds look for a recession in 2013? > > the...
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Nov 21, 2012
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but what we've seen since july, non-u.s. equities have been outperforming u.s. equities by quite a bit, especially recently. >> susie: when you say non-u.s., what are you talking about, emerging markets? europe? >> we're talking about a mix of both of those. we do have some european equities. normally there we're focusing on global companies that have to be dodomiciled in eure. and the u.k. and switzerland as well. companies that don't depend on the greek consumer for the demand, but are truly multi-national. we do own some european stocks and they have done very well recently and emerging markets. >> susie: that's a very interesting twist because most people don't think of europe for their poormts, portfolios, at least not now. thank you so much, rebecca. rebecca >> reporter: i'm suzanne pratt. still ahead, i'm working really hard today doing research for onef my favorites stories, black friday shopping. >> tom: hewlett-packard has been struggling to keep up with the quickly changing computer business. the market is shifting from desktop and laptop computers, w
but what we've seen since july, non-u.s. equities have been outperforming u.s. equities by quite a bit, especially recently. >> susie: when you say non-u.s., what are you talking about, emerging markets? europe? >> we're talking about a mix of both of those. we do have some european equities. normally there we're focusing on global companies that have to be dodomiciled in eure. and the u.k. and switzerland as well. companies that don't depend on the greek consumer for the demand,...
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Nov 27, 2012
11/12
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impact of these kinds of breaks and researchers fond that the danishtax rates, which is similar to the u.s., increased retirement savings, but that for every dollars that workers put into government incentives, they reduce the savings outside of plans that do not have government help by almost the same amount. so almost no increase in retirement savings. >> so those would be taxable accounts? obviously, they are saying what is my taxable account look like. let me ask you this. >> yes, pretax versus postdocs. cheryl: you know washington so well are there different types of loopholes -- mortgage deduction loopholes, four o. one kays are now? think of those will be the real deal? >> do think those will be the types that will be truly the final deal that we get instead of the overall arching, everyone gets taxes raised? >> yes, i think they will probably end up with a mix of limits on tax deductions. with some tax increases. but i think that those making over 250,000, those families are going to bear the brunt of all this. i know that everybody enjoys their mortgage deduction. peter barnes, th
impact of these kinds of breaks and researchers fond that the danishtax rates, which is similar to the u.s., increased retirement savings, but that for every dollars that workers put into government incentives, they reduce the savings outside of plans that do not have government help by almost the same amount. so almost no increase in retirement savings. >> so those would be taxable accounts? obviously, they are saying what is my taxable account look like. let me ask you this. >>...
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u.s. politics and you're saying that essentially the u.s. is what you are likely describe as as inclusive in its political institutions is it becoming less so in the united states because you mentioned kind of the long trajectory of growth and innovation over one hundred fifty years but over the last thirty we've seen wages really stagnate we've seen that culminate on the streets and occupy wall street we've seen big banks extract from the economy and be bailed out so is this kind of inclusive structure is this being a road it. i think that's potentially the case i mean i'm much you know in the book we are rather optimistic about the united states i mean i you know i'm you know in the sense that we kind of emphasize that you know if you look at the americas for example you look at the difference between a latin american country like argentina or the knighted states the differences between those two places in the way they get they got organized happens sort of historically a long time ago y
u.s. politics and you're saying that essentially the u.s. is what you are likely describe as as inclusive in its political institutions is it becoming less so in the united states because you mentioned kind of the long trajectory of growth and innovation over one hundred fifty years but over the last thirty we've seen wages really stagnate we've seen that culminate on the streets and occupy wall street we've seen big banks extract from the economy and be bailed out so is this kind of inclusive...
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dollars so that they can purchase u.s. government debt obligations as such liquidity in those products affects liquidity in the u.s. government debt obligations that we believe may reduce liquidity in those products and that in turn may reduce the quantity and u.s. government debt obligations so there is kind of a banking bankers case saying hey better exempt these or else the ability in the liquidity in your debt is going to dry up. yes and it's pretty interesting that almost recollects the so-called paulson's bazooka when he was threatening that the entire financial system would collapse if we didn't in the tarp of course he ended up using tarp for different reasons than he had stated at the time but if we with respect to the specific treasury decision by geithner to exempt foreign exchange swaps and forwards the proposal was actually put into place just in the air in april or may of two thousand and eleven and back then they gave a totally different reason somewhat specious saying that these products settle differently
dollars so that they can purchase u.s. government debt obligations as such liquidity in those products affects liquidity in the u.s. government debt obligations that we believe may reduce liquidity in those products and that in turn may reduce the quantity and u.s. government debt obligations so there is kind of a banking bankers case saying hey better exempt these or else the ability in the liquidity in your debt is going to dry up. yes and it's pretty interesting that almost recollects the...
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Nov 19, 2012
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>> we think the u.s. economy, the u.s. consumer, they are collectively in better shape than the world has given us credit for. bottom up, we are focusing on fundamentals and valuations. there has already been a lot of talk. we like financial services, parts of financial services, and the ongoing transformation, really, the u.s. energy superpowers, is a fantastic long-term story. that is where we have found of late more opportunity than not. david: yu-dee chang, there is a technology shift or it a lot of people have been waiting for this. the old-timers have been replaced by the new kids on the block. as we shift to mobile devices, tremendous shift that is part of intel. you go for ibm, which is one of the old plays in technology. why are they poised to take advantage of this major tectonic shift? >> don't forget that ibm as recently as five or six months ago made a big play in selling corporate bonds. a two year note at a very low interest rate. 1%. they are taking these billion dollars to take advantage of this. that is w
>> we think the u.s. economy, the u.s. consumer, they are collectively in better shape than the world has given us credit for. bottom up, we are focusing on fundamentals and valuations. there has already been a lot of talk. we like financial services, parts of financial services, and the ongoing transformation, really, the u.s. energy superpowers, is a fantastic long-term story. that is where we have found of late more opportunity than not. david: yu-dee chang, there is a technology shift...